CIBC Keeps Neutral Rating on XPLR Infr and Increases Price Target to $11.5
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XPLR Infrastructure, LP Reveals Outcomes of Cash Tender Offer by Subsidiary XPLR Infrastructure Operating Partners, LP for All Outstanding 3.875% Senior Notes Maturing in 2026
Tender Offer Announcement: XPLR Infrastructure, LP announced a cash tender offer for its outstanding 3.875% senior notes due 2026, with approximately 93.40% of the notes validly tendered by the expiration time on November 18, 2025.
Settlement Details: The settlement for the accepted notes is expected to occur on November 21, 2025, with holders receiving $997.10 per $1,000 principal amount plus accrued interest.
Role of Financial Institutions: Wells Fargo Securities, LLC is acting as the dealer manager for the offer, while D.F. King & Co., Inc. serves as the tender agent and information agent.
Cautionary Statements: The announcement includes forward-looking statements and cautions investors about various risks and uncertainties that could affect XPLR's future performance and financial condition.
XPLR Infrastructure, LP reveals pricing for $750 million in 7.750% senior unsecured notes maturing in 2034.
Private Offering Announcement: XPLR Infrastructure, LP has priced a private offering of 7.750% senior unsecured notes due 2034, expected to close on November 21, 2025, with estimated net proceeds of approximately $740 million.
Use of Proceeds: The proceeds will be used for various purposes, including repaying outstanding debt, funding a tender offer for existing senior notes, and investing in clean energy projects.
Investment Focus: XPLR Infrastructure is focused on clean energy infrastructure, with a diversified portfolio that includes wind, solar, and battery storage projects, aiming to deliver long-term value to its unitholders.
Forward-Looking Statements: The announcement includes cautionary statements regarding forward-looking statements, highlighting risks and uncertainties that could affect XPLR's future performance and financial condition.